BETHESDA, Md., March 18, 2011 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced today that it has pledged to donate $1 million to the Japanese Red Cross Society to assist with the relief and recovery from the earthquake and tsunami that struck Japan on March 11.  The Corporation also announced its intent to match employee donations up to an additional $500,000.

"Lockheed Martin has close ties to our industry partners and the people of Japan – a kinship based on shared values and goals," said Bob Stevens, Chairman and CEO. "These contributions reflect our desire to support the Japanese people during this difficult time.  Our thoughts and prayers will be with everyone in Japan in the challenging days ahead."

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 132,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2010 sales from continuing operations were $45.8 billion.

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SOURCE Lockheed Martin